What is Golem (GNT)?

Golem is a decentralized network of supercomputers where you can access the computing power of others in the system and pay for their services using Golem. This is the world’s first such initiative that makes use of cryptocurrencies to handle the financial transactions. While anyone can use it, it is primarily intended to be used by those who are in need of massive amounts of computing power like professional computer graphics, protein simulations, etc.

Golem (GNT): History

The project was announced first on teams blog in February of 2016, and the Alpha version went out in August 2016. The founders of Golem are Julian Zawistowski, Piotr Janiuk, Andrzej Regulski and Wendell Davis.Golem’s ICO was launched to collect 820,000 Ethers (~9 million USD), and the target was reached within 30 minutes, getting it a hugely successful ICO.

How Does Golem (GNT) Work?

Golem builds a decentralized supercomputer by tapping into the computational capabilities of their users. When a user needs to hire the computational power (the ‘supercomputer’), he needs to compensate for the electricity he is borrowing from the interface. On the other hand, the users who are lending this power to the first user will be repaid, according to their participation. All these activities will be automated and use Golem (GNT) as the currency. Golem runs on Ethereum network, and thus, it makes excellent use of EVM and Smart Contracts of the Ethereum network to make the transactions within the system. There are numerous modes of hiring the computing power including per node, per hour, etc.

How to Buy Golem (GNT)?

Buying Golem is a two-step process. First, head over to Coinbase and purchase Bitcoin or Etherium which accepts debit or credit card. If Coinbase is not accessible in your jurisdiction, view our list of markets that sell BTC or ETH for Government issued money. Next, transfer your newly purchased BTC or ETH from your Coinbase wallet to one of the exchanges like Liqui/ Gate.io/ Cryptopia. The best place to save your coins is MyEther Wallet/ Ledger Wallet/ Trezor.

Golem (GNT) Price Prediction 2018

GNT can be a profitable investment option. Golem price equal to 0.236 USD at 2018-03-23. If you buy Golem for 100 dollars today, you will get a total of 423.695 GNT. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-03-17 is 1.705 US Dollars. With a 5-year investment, the revenue is expected to be around +622.29%. Your current $100 investment may be up to $722.29 in 2022. Golem (GNT) price today is $0.236 and have the current supply of834,262,000 GNT. The market cap value is $197,163,641, and the volume is marked as $6,009,260.